credit score took a -25 pt hit

[inferno1985 10+ year member]

yep thats right. i had $6280 to pay my car off. sooo what i did was just that paid it off 2 **** years early. go to check my credit report and there is 1 new change , my car loan.

shows account is closed. etc and by doing that i took a 25 point hit. such bullshit! how the hell are you going to penalize someone for paying off a loan 2 freaking years early. ?

you cant win i guess with credit. pay it late credit hit pay on time nothing changes pay it off early credit hit.

nice credit is by far one of the biggest scams in history ever. i only paid off my car to help impropve my credit score. well thats not the case i guess seeing as that you dont have a large balance means your not worth of havng decent credit.

i was also thinking about paying off some credit cards. but hell i better not do that i might drop another 50 points.

do you know how hard it is to gain credit? jesus but you can ****** lose it in a heart beat.

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[C1500martin 10+ year member]

The americam dream is dying and leaving others your dept lol. Mine did that when i paid my credit cards but the mext months it just rose to a new high, hopefully yours is the same

 

[adulbrich 5,000+ posts]

I'll never need credit. I will never buy a car that I have to take a loan out to afford. Also, my mom has said several times that she will buy my first house for me, lol. I hope to go my whole life without getting a loan

 

[C1500martin 10+ year member]

I'll never need credit. I will never buy a car that I have to take a loan out to afford. Also, my mom has said several times that she will buy my first house for me, lol. I hope to go my whole life without getting a loan

Must be nice ******* on yo mamas ***** all your life... (No disrespect i mean that in the figurative way lol)

 

[inferno1985 10+ year member]

I'll never need credit. I will never buy a car that I have to take a loan out to afford. Also, my mom has said several times that she will buy my first house for me, lol. I hope to go my whole life without getting a loan

hopefully. if not i will be writing by bank a nasty letter for showing my account as closed and labeling it "bad credit" instead of paid in full or paid as stated.

also will be writing the credit bureau a nice letter as well. telling them they can stick that credit score **** where the sun dont shine!

its not like the car loan was my only credit line. i have a few other credit lines open as well. so my credit report showing 0 accounts with open credit i can see. but im utilizing my credit, with a few open accounts. spend spend spend is what thjey want you to do. but when you try and be a bit frugal ohh hes hoarding money?!?!?! lets fix that byu crapping his c redit score for no reason that'll teach him to not spend his money!

what a joke. credit and banking is seriously the whole reason this world has gone to ****.

 

[adulbrich 5,000+ posts]

Must be nice ******* on yo mamas ***** all your life... (No disrespect i mean that in the figurative way lol)

"No disrespect" //content.invisioncic.com/y282845/emoticons/eyebrow.gif.fe2c18d8720fe8c7eaed347b21ea05a5.gif

 

[inferno1985 10+ year member]

I'll never need credit. I will never buy a car that I have to take a loan out to afford. Also, my mom has said several times that she will buy my first house for me, lol. I hope to go my whole life without getting a loan

trust me i wanted no credit to beging with when i was young. and in fact had good credit at age 21 but then i was like f this ****. stoped paying on accounts let them go into collections by the time i realizeds i screwed myself my credit was a 500 took for ever to get to 650+. i thought you know what WHO needs credit ne ways thats whats cash is for. well turns out its not going to be like that your whole life. its better to have poor credit then have no credit.

so i started paying things off on collections accounts were removed and closed from collections and score rose. etc. but now its dioff with this ****. im being responsible and doing the right thing and i get blammed for it. ridiculous..

i say to you. if you think you can go your whole life without credit. then by all means do so. but i will guarantee you this. youll be worse off than people with 30 years of paying off credit lines late every month and have a million accounts in collection with no payment history on them.

 

[Massive spl]

I'll never need credit. I will never buy a car that I have to take a loan out to afford. Also, my mom has said several times that she will buy my first house for me, lol. I hope to go my whole life without getting a loan

Ohhh your a silver spoon baby

 

[C1500martin 10+ year member]

Idk bout dem other Merican states but out heah in Cali we need dem credits to buy stuffs cant nobody be independant with no credit! (hillbilly voice)

 

[C1500martin 10+ year member]

trust me i wanted no credit to beging with when i was young. and in fact had good credit at age 21 but then i was like f this ****. stoped paying on accounts let them go into collections by the time i realizeds i screwed myself my credit was a 500 took for ever to get to 650+. i thought you know what WHO needs credit ne ways thats whats cash is for. well turns out its not going to be like that your whole life. its better to have poor credit then have no credit.
so i started paying things off on collections accounts were removed and closed from collections and score rose. etc. but now its dioff with this ****. im being responsible and doing the right thing and i get blammed for it. ridiculous..

i say to you. if you think you can go your whole life without credit. then by all means do so. but i will guarantee you this. youll be worse off than people with 30 years of paying off credit lines late every month and have a million accounts in collection with no payment history on them.

Itll go back up, its dumb but thats just how it is like i saod maybe after this your score will reach a new high, everyone must have credit. For example my co worker, (alexs' twin) live off mommy forever hes 27 now, and his car took a shit on him, mommy couldnt buy him a new car and he spent all his money on other things, so he had to resort to a dealer. The ONLY dealer that would take his no credit approved a 2004 accord 130k miles and he is paying like $320 a month for 3 years. I want you to do the math on that. Hes paying double maybe even triple the cars price on interest alone.

 

[Massive spl]

I'll never need credit. I will never buy a car that I have to take a loan out to afford. Also, my mom has said several times that she will buy my first house for me, lol. I hope to go my whole life without getting a loan

What happens when mommy passes away? You will need credit... Just go to your bank and get a credit card with a $300 limit.. Only buy gas with it and then pay it off every week/month. You will build credit for when you crawl out your mother womb lol

 

[jboy2015]

I'll never need credit. I will never buy a car that I have to take a loan out to afford. Also, my mom has said several times that she will buy my first house for me, lol. I hope to go my whole life without getting a loan

never say never, man. Life can take some serious turns.

 

[inferno1985 10+ year member]

probably paying $10k in interest

 

[wew lad 5,000+ posts]

Yes, your credit will go down if you pay off large loans like a mortgage and car. They will go down if you have too much credit debt, if you have the right ratio of credit debt to total credit line your score will go up. I have a 750 score at 22 and I'm already getting tired of the credit system

 

[inferno1985 10+ year member]

Yes, your credit will go down if you pay off large loans like a mortgage and car. They will go down if you have too much credit debt, if you have the right ratio of credit debt to total credit line your score will go up. I have a 750 score at 22 and I'm already getting tired of the credit system

i have 2 other credit cards open. both utilizing over %60 limit. maybe thats why. but that is also stupid as hell. why get rewarded for having credit lines open. but then get scrutinized by utilizing that credit? lol

but on the other hand maybe il be like adul. because now i dont have a $400 car payment so i dont need credit right? lol

maybe ill just shoot down those credit card balances to a minimum . see if that helps. but seriously. there should be changes to this credit ****.